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Confidence

Yes confidence is one of the major ingredients of forex trading. And confidence comes from knowledge and skills. If you do not have necessary knowledge and skills and you feel confident that you can make money. That's not confidence, that is over confidence.
 
Use your demo for a long time; make more than 500 trades and then judge your trading skill; it takes such a long time to grow up!
 
Yes confidence is important. Confidence comes from knowledge and experience. Also you need to learn from your mistakes. Confidence comes from knowing what you are doing. If you open a trade you should have enough reasons.
 
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